Railway passenger fare may see another round of hike soon. Railway Board Chairperson Vinay Mittal hinted on Saturday that passenger fares could go up when fuel surcharge becomes applicable in October. ...
02:04 PM, Mar 23, 2013
The government of India is committed to the development of inter-country rail linkages and in furtherance of this policy supports the development of Trans-Asian Railway Network, Railway Minister Pawan Kumar Bansal said in New Delhi on Monday. This network would provide a major land corridor for transport of people and goods across the frontiers of the member countries, Bansal said while speaking at the 7th meeting of Railways of South...
04:16 AM, Mar 19, 2013
Speaking to CNN-IBN's Anubha Bhosle, Railway Board Chairman Vinay Mittal said the Railway Budget presented by Pawan Kumar Bansal addresses the financial health of the railways. He also ensured that trials on anti-collision device will be completed in the next eight months. ...
07:31 PM, Feb 26, 2013
New Delhi: With an aim of generating additional revenue through non-tariff measures, the Railways have sought Cabinets approval to go ahead with its ambitious plan of commercial utilisation of land. Though Railways had decided to construct multi-functional complexes (MFC) at stations as well as develop passenger terminals as world class stations in the PPP mode, the plan had come unstuck as it involved long-term leasing of land. "The long-term leasing...
12:56 PM, May 30, 2012
New Delhi: Railway Board Chairman Vinay Mittal has said that a fare hike will bolster the railway finances to a limited extent and the urgent need was to consolidate rather than expand. When asked if the current model of railways is a financially viable model, he said, "Trains run but we don't earn revenue because they are necessary." "We fulfill a huge social responsibility. There are still areas in the...
07:58 AM, Mar 14, 2012
